COSTA RICAN HOLIDAYS 2023
At the beginning of each year, it is important to keep in mind the holidays that all Costa Rican workers will have, and the dates on which they will be in effect. In Costa Rica, since 2020, to promote the reactivation of tourism, some holidays have been transferred to Mondays. The purpose of these transfers […]
CONSIDERATIONS WHEN TRANSFERRING A VEHICLE THIS DECEMBER
If you are planning to sell your vehicle this December, you must consider that the fiscal value you must use is the new value that appears in the Self-Administration System of the Ministry of Finance. This year a great number of vehicles had an increase in their fiscal value, therefore, as of December 1st, the cost […]
OBLIGATIONS OF RE-REGISTERED LEGAL ENTITIES
If you are one of those people who have a company that has been dissolved due to the non-payment of corporate tax, it is important that you take into consideration that in Costa Rica there are two laws that regulate this matter. And, as it has been informed, they help us with the regulation of […]
Bill to Exonerate Resident Investors, Renters, and Pensioners from the Obligation to Contribute to the Costa Rican Social Security Fund.
Recently, the deputies of the Republic Jorge Dengo Rosabal and Luis Diego Vargas Rodríguez presented a Bill that is being processed under file number 23494, called “REFORM TO ARTICLE 7, ITEM 7 AND ARTICLE 80 OF THE GENERAL MIGRATION LAW NO. 8764, OF AUGUST 19TH, 2009, AND ITS REFORMS, TO PROMOTE THE INCLUSION OF INVESTORS, […]
Be a Retired Resident in Costa Rica
At ERP Lawyers & Associates we provide advice in immigration law, such as applications to obtain Residencies, and adjusting to the requirements of each of the different existing categories. For different reasons, such as legal certainty, natural beauty, democracy, education, access to infrastructure, and health service, among others, Costa Rica has become not only a […]
Why is an Internal Work Regulation recommended?
Labor relations require a series of rules to guide the behavior and activities of the people who make up the work team. Work internal regulation is one of the ways to do it. What is an internal regulation? It is a set of rules that both the employer and the worker must comply with, in […]
If you have a dissolved company that you want to reactivate, this information may be of your interest
Since the end of May of this year, we have been reporting on the two laws that regulate the reintegration into the legal life of the company that has been dissolved due to the expiration of the social term and the tax non-payment of legal entities. This article aims to concisely summarize everything you should […]
Bill to Regulate Cryptocurrencies in Costa Rica No. 23415
On October 24th, the bill for the regulation of cryptocurrencies in Costa Rica, better known as the “Cryptoactive Market Law”, was presented in the Legislative Assembly. This proposal was put forward by deputy Johanna Obando, and it has had a great resonance in our country since we are finally going to have the long-awaited answer […]
ASSETS DECLARATION OF INACTIVE COMPANIES
What is an inactive companies? Any company registered in the National Property Registry that does not carry out any lucrative activity registered with the Ministry of Finance, since they do not earn income from lucrative operations, but may have assets in their name. Now, in Costa Rica, inactive companies must declare to the Tax Administration […]
How to open an account in name of a company in Costa Rica when the legal representative is out of the country?
The opening of bank account is an issue that an investor must face sooner or later. In Costa Rica, banks are very strict with the requirements that must be met in order to open an account, especially when the legal representative and/or partners are foreigners. This rigor is due to the commitments made by the […]